Yahoo! Acquires Ptch

Ptch BlogPtch, a Glendale, CA-based mobile video and photo startup, has been acquired by Yahoo! (Nasdaq: YHOO).

The amount of the transaction was not disclosed.

Founded by Hans Ku and Ed Leonard as a spin out of Dreamworks Animation, ptch (pronounced “pitch”) enables users to make and share movies made from photos and videos on their phones.
At Yahoo!, the team will focus their efforts and will leverage their technology to improve the company’s photo and video platforms.
As part of the deal, Ptch will shut down on January 2, 2014.



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